MEXC Broadens Tokenized U.S. Stock Portfolio Through Expanded Ondo Finance Partnership
The Singapore‑based exchange adds 17 new on‑chain equity pairs and seven defense‑energy tokens, reinforcing its push into regulated tokenized assets.
Overview
MEXC, a centralized crypto exchange that ranks among the top ten by spot‑trading volume, announced a sizable extension of its tokenized equity lineup in collaboration with New‑York‑based Ondo Finance. The latest batch introduces 17 fresh tokenized stock pairs that settle against Tether (USDT) and an additional seven tokens linked to U.S. defence and energy firms such as Lockheed Martin, RTX, ConocoPhillips and Occidental Petroleum.
All tokens are minted as ERC‑20 assets on the Ethereum blockchain. Each token is collateralised by the corresponding underlying share, which is stored in a regulated trust and subject to quarterly third‑party verification. The new securities become tradable on MEXC immediately, with a fee‑waiver period of 30 days for the 17 stock pairs and withdrawals slated to begin on March 5 for the defence‑energy tokens.
Strategic Context
The expansion marks the ninth iteration of the MEXC‑Ondo collaboration, which first launched tokenized equities in September 2025. Since then, the partnership has steadily added new sectors, and the current rollout pushes the total number of on‑chain U.S. equities offered by MEXC into the high‑20s.
Ondo Finance, a blockchain‑focused financial services firm, reports that assets it has tokenised amount to roughly $2.66 billion, according to data from RWA.xyz. By integrating Ondo’s infrastructure, MEXC can leverage an existing compliance framework—trust‑based custody and independent audits—to satisfy regulatory expectations while delivering a purely on‑chain trading experience.
Industry Landscape
MEXC’s move comes as a broader wave of tokenised‑stock initiatives gains momentum across the crypto sector:
| Exchange | Recent Tokenised‑Equity News |
|---|---|
| Kraken & Bybit | Launched over 60 tokenised U.S. stocks via Backed Finance’s xStocks product, covering tech giants such as Apple and Nvidia. |
| Gemini | Expanded its EU‑focused tokenised‑stock catalogue through a partnership with Dinari, adding names like Exxon and Visa. |
| Coinbase & Bitpanda | Introduced hybrid brokerage services that let users buy traditional equities alongside crypto assets. |
Despite the surge, U.S. retail participants remain largely excluded from tokenised equities, as the Securities and Exchange Commission continues to issue guidance on blockchain‑based securities. Consequently, many platforms, including MEXC, target non‑U.S. jurisdictions while still adhering to high‑standard custodial and audit protocols.
Analysis
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Competitive Differentiation – By offering fee‑free trading for a month, MEXC aims to attract price‑sensitive investors and encourage liquidity buildup for the new pairs. The inclusion of defence‑energy stocks, a niche not yet saturated on other crypto exchanges, further diversifies its product suite.
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Regulatory Credibility – The reliance on trust‑held shares and quarterly audits helps mitigate regulatory risk and positions MEXC as a more compliant alternative to purely “synthetic” tokenised assets. This could be a decisive factor for institutional or risk‑aware retail traders.
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Liquidity Considerations – Early‑stage tokenised equities often suffer from thin order books. The fee waiver may catalyse initial volume, but sustained liquidity will depend on market‑making incentives and the broader adoption of on‑chain equities.
- Potential Market Impact – If MEXC can maintain robust on‑chain trading volumes, it may pressure rival exchanges to accelerate their own tokenised equity rollouts or to adopt similar fee‑reduction tactics, intensifying competition in the nascent RWA (Real‑World Asset) niche.
Key Takeaways
- New Listings: 17 tokenised U.S. stock pairs and 7 defence‑energy tokens added to MEXC, all settled against USDT.
- Zero‑Fee Window: Trading fees for the 17 stock pairs are suspended for the first 30 days post‑launch.
- Withdrawal Timeline: Users can begin withdrawing the newly listed defence‑energy tokens starting March 5.
- Compliance Backbone: Tokens are ERC‑20, backed by shares in regulated trust accounts, and undergo quarterly third‑party audits.
- Strategic Positioning: The expansion reinforces MEXC’s ambition to become a leading venue for regulated, on‑chain equities outside the United States.
- Industry Trend: The move aligns with a broader industry shift toward on‑chain tokenisation of traditional assets, despite ongoing regulatory uncertainty in the U.S. market.
As the tokenised equity market matures, MEXC’s partnership with Ondo Finance could serve as a blueprint for how crypto exchanges blend blockchain efficiency with traditional asset compliance. The coming weeks will reveal whether the fee‑free incentive translates into lasting liquidity and whether other platforms will follow suit.
Source: https://cointelegraph.com/news/mexc-expands-tokenized-stock-offerings-with-new-ondo-finance-listings?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
